Volume PricingCurrent Spot Price: $16.92

Silver Somalian Elephant coins are one of the more intriguing coins available to investors and collectors today. Struck in gold and silver, with bullion and proof versions available, the coins remain a popular item among numismatist despite the uncertainty surrounding the status of the coins. Right now, the 2016 1 oz Silver Somalian Elephant Coin is available on Silver.com in near-perfect condition.

Coin Highlights:

Only 332 coins currently exist in this grade!

Consists of one troy ounce of .9999 fine silver.

Face value of 100 Shillings (Somalia).

Graded Mint State 69 by the Numismatic Guaranty Corporation.

Part of the Early Release series.

Struck at the Bavarian State Mint.

Ships in a protective plastic slab courtesy of NGC.

Silver Somalian Elephant coins actually started out life as part of the African Wildlife Series as a coin issued for the nation of Zambia. It wasn’t until 2004 that the design was transferred to the nation of Somalia. Today, the coin is well known for its rotating designs and impressive purity, as well as its suspicious backstory.

While the Bavarian State Mint contends that it has a letter of approval to issue the coins for Somalia on behalf of a government figure, the current chief of the Central Bank in Somalia argues otherwise. Regardless of its status, investors love the purity of the coin and collectors covet the changing designs each year.

Each of the 2016 1 oz Silver Somalian Elephant Coins in this listing is in near-perfect condition. An MS69 coin has its full, original luster, but may also have a maximum of two minor detracting flaws. As part of the Early Release series, these coins were packaged and shipped by the Bavarian State Mint to an NGC depository within 30 days of issue.

The obverse features the brand-new African elephant design, which depicts a male bull elephant at the edge of a river. The moon rises high in the background, while the waters of the river roll downstream off into the distance on the background of the coin.

On the reverse you’ll find the coat of arms for Somalia, which is surrounded by the engraving “Somali Republic,” as well as the coin’s year of issue and face value.

If you have questions, please contact Silver.com at 888-989-7223. You can also connect with us online using live web chat and email services. To view similar products, visit our Certified Silver Coins page.